Cryptocurrency fundraising Naviaddress announces an upcoming $25M ICO

Naviaddress announces an upcoming ICO with a $25M target conducted for developing Naviaddress digital addressing platform. Chaineum, the first French "ICO Boutique”, is leading this fundraising.

Naviaddress is a company founded in 2015 by Mikhail Gamzin, formerly Head of Russian Technologies VC, a pioneer in technology investment in Russia. With an initial funding of $ 2.5 million, Naviaddress is developing a platform for digital addressing of locations and objects that is adapted to the era of mobile phones and connected objects.

Naviaddress utility tokens presale will open in the first half of October. The ICO will start in the first decade of November and will last for about a month.

Naviaddress ICO

Naviaddress proposes a universal addressing system which aims to solve navigation and delivery problems linked to language barriers and the lack of standardization of postal addresses. By defining the address with a unique combination of digits, which is simpler and easier to communicate than the GPS coordinates, Naviaddress allows to assign a digital address to all places or objects (points of interest, street equipment ...) with or without a postal address - and provide an address to the 4 billion people who do not have any.

The Naviaddress system is also designed to meet the needs of the future by allowing a specific address to be assigned to connected objects and UAV delivery points. And all addresses created by users (Custom Naviaddresses) are designed to be content rich and customized. Naviaddress also offers individuals and businesses to purchase shorter Naviaddress Premium addresses. Naviaddress is in talks with a hotel booking platform that could soon add more than 1.4 M properties to its base. Integration with the world’s leading online taxi service has been already implemented which allows Naviaddress users to get to any destination even without postal address.

For Naviaddress, blockchain technology is best suited to the technological development of its platform and to the achievement of its strategic objectives: decentralization, free use, data integrity, user motivation through utility tokens, NaviCoins, earned for creating or verifying addresses.

To finance its development, Naviaddress plans to issue a billion utility tokens (NaviCoins) of which 300 million are reserved for buyers. With the proposed introduction price of $0.05, the ICO aims to raise $25 million of which 50% will be invested in the development of Naviadress blockchain and its integration with third party platforms. Laurent Leloup, CEO of Chaineum, says "We are proud to continue our operations with a company that is building on its initial success with a very strong vision on a global issue "

About NaviaddressNaviaddress was founded in 2015 by Mikhail Gamzin, formerly Head of Russian Technologies VC, a pioneer in technology investment in Russia. With an initial funding of $ 2.5 million, Naviaddress is developing a platform for digital addressing of locations and objects that is adapted to the era of mobile phones and connected objects.

About ChaineumFounded by Laurent Leloup, expert in blockchain and corporate finance, Chaineum is positioned as the first "ICO Boutique" in France, providing a range of end-to-end services to companies and international start-ups wishing to develop with this new funding mechanism. Based in Paris and Besancon where Laurent Leloup is developing the “Blockchain” Valley project, Chaineum services are based on its team of experts in finance, token design, graphic design and website development, blockchain development and computer security (bug bounty). Chaineum is planning by the end of 2017 for European and Asian companies, the cumulative amount of which could reach € 200 million. Laurent Leloup, CEO of Chaineum, acts today as Lead Advisor on the current Domraider ICO, a first in France. While the ICO has been open since September 12, it’s already a success with Domraider, leader in the auctions market for domain names, having raised to date the equivalent in tokens of more than € 40 M.